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<Commodity>Brent Crude Sinks 15% MTD, Poised for Biggest Monthly Drop in 3+ Yrs
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The US tariff war was stifling global economic growth and energy demand, which, combined with increased production from OPEC+, heaped pressure on international oil prices. On Wednesday (30th), Brent oil futures fell to nearly US$63 per barrel, marking a cumulative decline of about 15% for this month and on track for the biggest monthly slump since November 2021. Meanwhile, New York oil futures last printed at US$59.81 per barrel. AAStocks Financial News |
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